Wedbush Starts Expedia (EXPE) at Outperform; Benefiting From World Travels One Click at a Time

Wedbush initiates coverage on Expedia (NASDAQ: EXPE) with an Outperform. PT $38.00.

Wedbush analyst says, "We believe that the company’s leading position as the world’s largest OTA will continue to benefit from an improving travel industry, the increasing trend towards online travel, high growth potential in international markets, and added value from the planned spinoff of its TripAdvisor business. We believe Expedia is a good investment to benefit from the expected strong growth in online travel, and expect Expedia’s share price to increase over the near term as it continues to experience solid and steady revenue and earnings growth."

For more ratings news on Expedia click here and for the rating history of Expedia click here.

Shares of Expedia closed at $30.45 yesterday.

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